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To: Gottfried who wrote (13029)	1/14/2004 1:14:12 AM
From: StanX Long	Read Replies (1) \| Respond to of 95743

Intel Q4 sales to top $8.62 billion, says analyst By Peter Clarke Silicon Strategies 01/13/2004, 1:49 PM ET SAN FRANCISCO -- Tai Nguyen, semiconductor analyst for Susquehanna Financial Group, is expecting Intel Corp. to top his previous estimates for the company when it announces its fourth quarter 2003 financial results on Wednesday (January 14, 2003). Nguyen has Intel pegged at $8.62 billion sales revenue for the quarter and earnings-per-share of $0.24, which takes into account the $600 million goodwill write down for poor performance in the cell-phone area (see December 4, 2003, story). Otherwise Susquehanna would have expected Intel to turn in $0.30 earnings per share. The options trading house is now looking at $8.64 billion and EPS of $0.25 for the fourth quarter. Intel reported third-quarter revenue of $7.8 billion and net income of $1.7 billion, or $0.25 per share. "We believe Intel could top our FQ4 revenue and EPS estimates and provide an upbeat outlook for FQ1 based on continued strong processor and NOR flash demand for PCs and handsets, respectively," said Nguyen, in a statement. He added that Intel is "well positioned to capitalize on the corporate PC replacement cycle which looks as if it will occur during 2004, given its advanced 300-mm manufacturing capability and highly competitive processor roadmap."